The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 50 of 116
Newmont Corp. has laid down a US$311 million (C$393 million) cash offer to acquire full ownership of GT Gold Corp. and its Tatogga copper-gold-silver project in the traditional territory of the Tahltan Nation of northwest British Columbia. "We are excited to expand our world-class portfolio to include the Tatogga project in the Tahltan Territory located in the highly sought-after Golden Triangle district of British Columbia, Canada," said Newmont President and CEO Tom Palmer....
Newcrest Mining Ltd. and Imperial Metals Corp. June 9 reported additional higher-grade mineralization in the newly discovered East Ridge zone at the Red Chris copper-gold mine in Northern British Columbia. Since Newcrest acquired a 70% interest in Red Chris in the fall of 2019, the joint venture partners have completed more than 136,631 meters of drilling at the project, much of which has tested discovery targets outside of the resource. According to the new Australian Joint...
With the completion of the buyout of GT Gold Corp., Newmont Corp. has bolstered its portfolio of copper-gold projects in British Columbia's Golden Triangle. "With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio," said Newmont President and CEO Tom Palmer. Newmont first grabbed a solid foothold in the Golden Triangle with the 2018...
Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three decades. In its report, "Copper is the new oil," Goldman Sachs forecasts that the electrification of transportation and decarbonization of electrical generation...
Perenti Global Ltd. April 26 announced that its underground mining subsidiary, Barminco, has received a letter of intent from Newcrest Mining Ltd. for the development of a 3,500-meter underground exploration decline at the Red Chris copper-gold project in Northern British Columbia. Owned under a joint venture partnership between Newcrest (70%) and Imperial Metals Corp. (30%), the Red Chris Mine hosts 980 million metric tons of measured and indicated resource averaging 0.41...
The Red Chris Mine in Northern British Columbia now hosts 13 million ounces of gold and 3.7 million metric tons (8.16 billion pounds) of copper, according to a new resource calculated for Newcrest Mining Ltd. This marks the first resource calculation for Red Chris since Newcrest acquired a 70% ownership of the mine from Imperial Metals Corp. in August of 2019. Since gaining operational ownership, Newcrest has completed 109,177 meters of drilling in 92 holes at Red Chris....
Newcrest Mining Ltd. and Imperial Metals Corp. March 10 announced the discovery of new zones of higher-grade copper-gold mineralization at Red Chris Mine that greatly expands the near-mine exploration potential of this property about 20 kilometers (12.5 miles) southeast of the Tatogga copper-gold project Newmont Corp. is acquiring through its C$393 million buy-out of GT Gold Corp. Since Newcrest acquired a 70% interest in Red Chris in the fall of 2019, the Australia-based...
Since acquiring a 70% interest in Imperial Metals Corp.'s Red Chris Mine in 2019, Newcrest Mining Ltd. has envisioned establishing an underground block cave mine to unlock the full potential of this porphyry copper-gold asset at the northern end of British Columbia's Golden Triangle. The Australian miner took a major step toward this vision with the start of construction on the box cut for the underground decline at Red Chris. Roughly C$12 million has already been approved...
Challenged by a global pandemic and a particularly wet summer, many of Northern British Columbia's mineral explorers became adept to adjusting on the fly as they endeavored to unlock the rich precious, base, and battery metals potential of this section of the Pacific Cordillera. With companies like Skeena Resources Ltd. and Ascot Resources Inc. running year-round drill programs as they seek to establish a new era of gold-silver mines at historic operations in the Golden Triang...
After COVID-19 delays to the start of 2020 exploration at Tatogga, in late June GT Gold Corp. began mobilizing crews and equipment to this exciting gold-copper-silver property in British Columbia's Golden Triangle. The 2020 field work, which included a 4,481-meter drill campaign, was carefully designed to comply with a robust COVID-19 prevention plan that aligned with provincial regulatory requirements and guidance provided by the Tahltan First Nation COVID-19 emergency...
Since acquiring a 70% interest in Imperial Metals Corp.'s Red Chris Mine, Newcrest Mining Ltd. has become increasingly excited about the potential of this porphyry copper-gold asset at the northern end of British Columbia's Golden Triangle. The Australia-based miner bought a majority stake of Red Chris with the idea that it could unlock the full value of this operation by applying its expertise in block cave mining, a bulk tonnage underground mining technique that involves...
Newcrest Minerals Ltd. and Imperial Metals Corp. Dec. 10 reported results from 12,652 meters of drilling completed at the Red Chris copper-gold mine property in Northern British Columbia since the end of September. This drilling included six holes focused on the discovery of additional zones of higher-grade mineralization within the Red Chris porphyry corridor and two geotechnical holes. Newcrest reports that all six exploration holes encountered mineralization. One of the...
Newcrest Mining Ltd. and Imperial Metals Corp. reported additional strong gold-copper intercepts from drilling at the East zone high-grade pod at the Red Chris Mine in northwestern British Columbia. Hole RC634, drilled in the East zone, cut 394 meters averaging 1.6 grams per metric ton gold and 0.86% copper starting at 650 meters down the hole. This intercept includes 166 meters of exceptional gold and silver for a bulk tonnage porphyry system. "Drilling results at Red Chris...
Newcrest Mining Ltd. July 23 said COVID-19 has not affected the production of copper and gold at its Red Chris mine in northwestern British Columbia. During the second quarter 2020, Red Chris produced 8,401 metric tons (18.5 million pounds) of copper, which is an 18% increase over the 7,128 metric tons (15.7 million lb) produced during the first quarter; and 15,440 ounces of gold, which is a 27% rise over the 12,199 oz produced during the previous quarter. Newcrest attributes...
Newcrest Mining Ltd. March 11 announced that drilling at the Red Chris mine in northwestern British Columbia has encountered a pod of high-grade mineralization, including one hole that cut 276 meters averaging 1.7% and 3.3 grams per metric ton gold. This intercept cut across a high-grade zone Imperial Metals Corp., Newcrest's joint venture partner at Red Chris, tapped in the mine's East Zone during 2009. This hole, RC09-350, cut 432.5 meters of 2% copper and 3.8 g/t gold....
Skeena Resources Ltd. Jan. 4 announced that it is selling two British Columbia exploration properties for C$8 million for exploration, which will provide funds for ongoing exploration at its Eskay Creek gold-silver project. Most of these funds will come from the sale of the GJ copper-gold-silver property in northern British Columbia to Newcrest Mining Lt. for C$7.5 million cash. In 2015, Skeena cut a deal to buy full ownership of the GJ from Teck Resources Ltd. and NGEx...
Brixton Metals Corp. July 8 announced the start of a drill program testing new near-surface, high-grade gold targets identified during a soil and rock sampling program carried out earlier this year at the company's Atlin Goldfields project in northwestern British Columbia. "We are excited to start our first ever drilling campaign at the Atlin Goldfields project," said Brixton Metals Chairman and CEO Gary Thompson. Brixton's Atlin property consists of roughly 1,000 square...
StrikePoint Gold Inc. June 13 announced the formation of a technical advisory committee to assist and provide technical guidance to the management team regarding all aspects of exploration and development of StrikePoint properties. StrikePoint's portfolio includes two gold and silver exploration properties in British Columbia's Golden Triangle – Porter and Willoughby – three in the Yukon – Pluto, Mahtin and Golden Oly – and several other earlier staged properties. Rob McLeod...
Since its formation in 1999, Seabridge Gold Inc. has amassed very large gold resources and reserves while keeping a watchful eye on the number of shares it has issued. In its 2018 annual report, this Toronto-based exploration company said this has positioned the company well in a world of dwindling gold reserves. "The simple truth is that the industry is not finding gold at the rate it needs to. We are," Seabridge Gold Chairman and CEO Rudi Fronk penned in the report. Over...
Brixton Metals Corp. April 18 announced the start of its first phase of 2019 exploration at the Atlin Goldfields project in northern British Columbia. Over the past three years, Brixton has consolidated approximately 1,000 square kilometers (386 miles) of mineral claims covering most of the Atlin gold camp. This large land package, which extends east from the community of Atlin, blankets an area that has produced more than 600,000 ounces of placer gold over the past 120...
Newcrest Mining Ltd. has cut a deal to buy a majority position in Imperial Metals Corp.'s Red Chris copper-gold mine in northern British Columbia, which will be the Australian gold miner's first operation north of the equator. In a deal announced by the company on March 10, Australia's largest gold producer has agreed to pay Imperial Metals US$806.5 million in cash to acquire a 70 percent stake in Red Chris, not a bad sum considering the 13 billion pounds of copper and 20 mill...
Brixton Metals Corp. Dec. 19 announced that it has raised C$2.78 million for further exploration of Atlin Goldfields project in the Golden Triangle region of northwest British Columbia. The private placement financing involved the issuance of 4.9 million units at C15 cents each, with one unit consisting of a Brixton Metals share and one warrant, and 12 million flow-through shares at C17 each. Each warrant issue entitles the holder to acquire an additional Brixton share at...
GT Gold Corp. Oct. 10 reports that drilling continues to tap long sections of porphyry gold-copper-silver mineralization at the Saddle North discovery on the company's Tatogga property in British Columbia's Golden Triangle. Hole TTD085, reported in September, cut 822.2 meters averaging 0.42 grams per metric ton gold, 0.26 percent copper and 0.62 g/t silver. This long intercept included 430 meters of 0.67 g/t gold, 0.41 percent copper and 0.89 g/t silver from 493 meters to...
GT Gold Corp. Sept. 10 announced a major porphyry copper-gold-silver discovery in the first hole drilled this year at the Saddle North target on the company's Tatogga property in British Columbia's Golden Triangle. Starting at a depth of 78.87 meters, hole TTD085 cut 822.19 meters averaging 0.42 grams per metric ton gold, 0.26 percent copper and 0.62 g/t silver. This long intercept included 430 meters of 0.67 g/t gold, 0.41 percent copper and 0.89 g/t silver from 493 meters to...
Whether it be precious metals such as gold and silver, base metals like copper and zinc, or battery metals like nickel and cobalt, northern British Columbia is rich in the type of metal deposits that junior mining companies are hoping to discover and majors are wanting to mine. Couple this mineral endowment with good infrastructure – especially stacked up against the other jurisdictions in the North of 60 Mining News coverage area – and northern B.C. continues to draw str...
